GNG Electronics IPO Vs Brigade Hotel Ventures IPO Vs Indiqube Spaces IPO — What Grey Market Signals?
According to InvestorGain, the GMP for the Indiqube Spaces IPO stood at Rs 10 as of 9:00 a.m. on July 25. The latest GMP indicates a listing price of Rs 247 apiece, at a premium of 4.22% compared to the upper limit of the issue price.
The IPO for Indiqube Spaces was fully subscribed on the second day of bidding on Thursday. It received bids for 4,41,59,976 shares against 1,71,48,335 shares offered. The issue was booked 2.58 times on July 24.
The Indiqube Spaces IPO is a book-building issue worth Rs 700 crore. It comprises a fresh issuance of 2.74 crore shares, amounting to Rs 650 crore, and an OFS portion of 21 lakh shares worth Rs 50 crore.
The price band for the IPO has been fixed between Rs 225 and Rs 237 per share.
Share allotment for Indiqube Spaces IPO is proposed to be finalised on July 28. Shares of Indiqube Spaces are proposed to be listed on the BSE and NSE on July 30.
The Bengaluru-based company is engaged in providing workspace solutions.
